The success online sportsbooks enjoyed two months ago came from the March Madness Tournaments. On the first anniversary of the PASPA Repeal, New Jersey’s Division of Gaming Enforcement revealed that bookmakers handled $313,719,562 in April. However, in terms of revenue, that’s $10.5 Million less than March. But then again, $21.2 Million isn’t too shabby. In fact, it’s quite impressive considering that the PGA Masters was the most exciting thing happening in sports last month.
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Mobile Sports Betting Dominates Retail
Once again, FanDuel crushes the record books, leaving all its competitors in the dust. With $8,776,808 Million in revenue, the mobile sportsbook and daily fantasy sports provider proves that their position in New Jersey is concrete. At the same time, DraftKings held their ground coming in second place with $4,766,701 Million in the bag. Although that’s slightly less than half compared to FanDuel, nonetheless, no other sportsbooks came close to taking the silver place.
Together, the two pulled in $16.5 Million in online revenue, leaving very little for the rest. Take Caesars Sportsbook; for example, they generated $270,782 and ranked fourth in revenue, so as you can see, FanDuel is New Jersey’s lone wolf. And now that MLB season is in full swing, it’s time to play ball and get back to breaking more records.
It All Adds Up
Overall, online mobile sports betting is king in the Garden State, and it will likely remain that way forever. After racking up $253,976,244 in revenue, it’s clear that online sports betting is the preferred option compared to retail. But then again, it should be. After all, the whole concept is to open up Atlantic City to everyone in New Jersey, regardless of your location. With that said, FanDuel is clearly the destination people trust most when it comes to placing bets online. Regardless of opinion, the numbers don’t lie.